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Topic: IDEAL: no ICOs, no proof-of-work, no proof-of-stake, no governance, and no forks - page 2. (Read 6503 times)

sr. member
Activity: 350
Merit: 250
no ICOs, no proof-of-work, no proof-of-stake, no governance, and no forks

so, no coin at all? should we just stay with FIAT then?
lol

if you are completely against this system, you should have a better solution, shouldnt you?
sr. member
Activity: 336
Merit: 265

STOP spamming my thread with your nonsense shitcoin promotion. If you have something specific to say about the OP, please post. Otherwise please do not post again in this thread.
member
Activity: 108
Merit: 10

After a closer look at the difficulty #s , carboncoin's difficulty only changes every 11 or 12 blocks .
So its basically needs more mining power or the dev needs to set the difficulty to update every single block instead of every ~12 blocks.
Signs of a dying PoW coin, IMO .

 Cool

You're seeing signs of a self funded startup, over two years in, distributed at low value to people who agree with the ethos, providing the equivalent level of security of funds as other crypto-currencies on next to no energy consumption.

This is a real world evolution of the technology - it's not perfect, but it is doing the best we could as pragmatically as possible with what was available to us - and it is that fact which has clear synergy with what is proposed in this discussion.

We have the same security as PoS but there is no extra chainsize burden. It's not the number of people hashing it's the fact that they can hash that is important.

Troll's account is used for one purpose and one purpose only. He's been able to demonstrate no achievements whatsoever, and after countless attempts to appease and reason with him we have had no option other than to ignore him and continue to delete his arbitrary posts on our thread.

Do drop by: https://bitcointalksearch.org/topic/carbonsm-carboncoin-for-a-greener-future-efficientsecuresustainable-1131250
hero member
Activity: 777
Merit: 777
Altbone inc.Burial service for altcoins
ICO's are the best to make money on in crypto. Most of my ico investments have done 2x or more.


quote from OP:

ICOs enable insiders to buy from themselves, creating a non-free market distribution of the money supply, thus manipulating all the market parameters and effects creating a controlled, non-free market.
https://bitcointalksearch.org/topic/m.15340159
https://bitcointalksearch.org/topic/m.15343686
sr. member
Activity: 336
Merit: 265
how about a distribution model using captchas or something similar?

You just reinvented the Free coin Faucet.  Wink
Only variable is how much you seed the faucet with.
http://cryptoguru.tk/Faucet/index.php?Currency=ZEIT

 Cool

The solutions to the catpchas can't be decentralized. Someone has to create them. If you created them publicly (e.g. randomized entropy from the proof-of-work mining), then no one needs to solve them.
sr. member
Activity: 338
Merit: 250
It has been dead.  It just got delisted for lack of volume from ccex and is only on one exchange that just had a period of 48+ hours of no transactions.  There is 0 buy orders and there is no pairing for a lower value coin.  The original ANN is shutdown and DEV is delusional.  I called him out for his coin being ran by a single raspberry pi but he denied it.  CARB is supposed to be about carbon offsetting but he really cant back up any claims on how this is done at all. He has a picture of some trees planted on farm land and claims it's a forest that was paid for with these coins.
legendary
Activity: 1092
Merit: 1000
Says the so called dev of a copy paste clone that recently had the chain stop for hours!!!  His shitcoin has a block time of 100 seconds and he cant explain this:

643809   2 hours 18 minutes
643808   2 hours 23 minutes
643807   11 hours 56 minutes
643806   12 hours 30 minutes
643805   13 hours 10 minutes
643804   13 hours 11 minutes
643803   13 hours 35 minutes
643802   13 hours 52 minutes
643801   18 hours 57 minutes

Hmm,
1st I have ever heard of this carbon coin , but
It seems to be Proof of Work using scrypt algo

Difficulty   0.00972089  at Block Height 643807  Date/Time= 2016-06-23 10:35:59
Difficulty    0.00972089 at Block Height  643808  Date/Time= 2016-06-23 20:09:03

At the current post time there are only 10 connections Network Clients seen in the last 24 hours
However at current post time there is Only 1 Active Pool/Miner
https://chainz.cryptoid.info/carbon/#!extraction

Easy Answer their were 0 PoW miners active or the miners did not have enough processing power to overcome the difficulty level, during the block gap.
Also would speculate that there is not enough Hash Power being used with this coin to keep a 100 second block time at its current difficulty level.

After a closer look at the difficulty #s , carboncoin's difficulty only changes every 11 or 12 blocks .
So its basically needs more mining power or the dev needs to set the difficulty to update every single block instead of every ~12 blocks.
Signs of a dying PoW coin, IMO .

 Cool
legendary
Activity: 1092
Merit: 1000
how about a distribution model using captchas or something similar?

You just reinvented the Free coin Faucet.  Wink
Only variable is how much you seed the faucet with.
http://cryptoguru.tk/Faucet/index.php?Currency=ZEIT

 Cool


hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
how about a distribution model using captchas or something similar?
full member
Activity: 163
Merit: 100
ICO's are the best to make money on in crypto. Most of my ico investments have done 2x or more.
sr. member
Activity: 338
Merit: 250
I don't know any coins that operate without either Proof-of-work or Proof-of-Stake. To make your ideal a reality someone would have to invent a new way to power a block chain, unless I missed a coin that quietly implemented a new system without many people noticing.

There is a way to power a blockchain without proof of work or proof of stake, and we're doing it on the Carboncoin

It's not the perfect solution, because as the op is well aware, a perfect solution does not exist

We have demonstrated our ethos and trustworthiness by operating without security breach for over 2 year. This becomes more valuable the longer it goes on.

Anyone can hash on the network but they wont be rewarded with enough coins to make it worthwhile to do that in anything other than the most effective way.

I have my "ideal" structure for a coin, which will be implemented on the carboncoin project at some stage in the future but in the meantime we have been able to add approximately 500 non crypto users since we started (who have bought coins coming from the market), and that is without any significant fundraising or resources for marketing or development.

The funding is now happening, so we will see where it goes. I would very much like to engage this community and find fellow innovators to work with on the ideal currency application of the blockchain - Carboncoin continues to be my best effort

Says the so called dev of a copy paste clone that recently had the chain stop for hours!!!  His shitcoin has a block time of 100 seconds and he cant explain this:

643809   2 hours 18 minutes
643808   2 hours 23 minutes
643807   11 hours 56 minutes
643806   12 hours 30 minutes
643805   13 hours 10 minutes
643804   13 hours 11 minutes
643803   13 hours 35 minutes
643802   13 hours 52 minutes
643801   18 hours 57 minutes
sr. member
Activity: 336
Merit: 265
Ethereum hard forks and violates the entire raison d'être of block chains:

Finally we can move on!

Nope. There is no moving on from violating the only reason we even want block chains— which is that we don't have to trust anyone that our contracts will be honored.


Agreed. The disgusting vile FUD that's been spread by the haters has been pathetic. If you don't hold ETH you don't get a say in how it's run so why spread FUD? The ETH community has spoke in a landslide consensus.

It is not FUD. It is just our opinion of the point of block chains. Those who agree with you that block chains should be permissioned ledgers like a fiat system or Paypal, will stay with ETH.

But as others are pointing out to you, violating the raison d'être of block chains is very likely to cause you to lose most of the community support. You'll only be left with idiots, R3 bankers, and the whales who've been allegedly pumping this token by manipulating the float on Poloneix and Krakan.


Wow 2% of the ETH voted and that is supposed to be mandate  Huh

Also PoS (including DPoS) is basically a permissioned, centralized system, because the whales will control it.

If we just wanted a centralized, persmissioned system, then we don't need block chains. We could do that more efficiently. We have it already, it is named Paypal.

The only way you scale this globally, is if nobody owns it. This is why Paypal can't disrupt the existing financial structure of the world. Too many vested interests fighting turf battles.

1https://bitcointalksearch.org/topic/m.15137236
https://bitcointalksearch.org/topic/m.15507348


But I will forward your concerns on to the relevant department.

Ah so Ethereum is a governed token system now with actual departments? This is sounding awefully similar to the government structures that are collapsing all over the world due to corruption and special interests capturing the power vacuum.

I was being facetious. Sorry it needed pointed out.

Freudian slip, because you were actually telling the truth for a change.
sr. member
Activity: 407
Merit: 250
Not pumping, just lots to discuss. Didn't mean to offend you, but shitcoin pretty offensive! Actually asked you if it was ok in our pm conversation, you didn't object - you probably should have
sr. member
Activity: 336
Merit: 265
@iamnotback I do not want to quote your large DPOS statement however I do have a few questions.  You understand code and crypto better then most of us.

The BitShares website states that the block witnesses are shuffled based on two different criteria.  "The slate of active witnesses is updated once every maintenance interval (1 day) when the votes are tallied. The witnesses are then shuffled, and each witness is given a turn to produce a block at a fixed schedule of one block every 2 seconds. After all witnesses have had a turn, they are shuffled again. If a witness does not produce a block in their time slot, then that time slot is skipped, and the next witness produces the next block."

Is there something in the code or explorer that would let us know exactly which witness is set to produce the next block ahead of time?  Even with a DDOS, a witness should have multiple instances ready to take over on different physical machines/locations.  That should mitigate that attack vector.  Granted if EVERY witness were unable to produce a block, the network would come to a halt and users would not be able to cast a vote (transaction) to vote in new witnesses.  The chances of that happening I would believe are very slim.  According to the documentation stake holders can increase the number of witnesses by vote.

You do have a home run point about PoW in that anyone at anytime can setup a full node etc...  Hurry up and code!!!

DPOS is an innovation. I am not trying to imply it has no worth. It may be the best for scaling that is available right now.

Since the ordering of the nodes which can produce each block (aka 'witnesses') is known a priori, then yes this information must be public otherwise the other nodes (even non-witness nodes) wouldn't know which witnesses has the right to produce that block.

I agree that a witness could in theory set up many IP addresses on many hosts to absorb DDoS attacks, but this is very expensive if every witness has to duplicate all this infrastructure. And so naturally it force the witnesses to collude to share costs, so then you no longer have a decentralized, permissionless system.

Also PoS (including DPoS) is basically a permissioned, centralized system, because the whales will control it.

If we just wanted a centralized, persmissioned system, then we don't need block chains. We could do that more efficiently. We have it already, it is named Paypal.

The only way you scale this globally, is if nobody owns it. This is why Paypal can't disrupt the existing financial structure of the world. Too many vested interests fighting turf battles.

So yes, you will need my design.

I already know what I have. The only issue is my health. I am fighting very hard to overturn a chronic health condition. 3 hours nonstop in the gym yesterday, then running in the evening, then running again this morning. Had my entire body coated in 25% oregano oil, turned red. Totally exhausted in the evening, slept like a rock could barely move. Jumped out of bed full of energy. Age 51, my eyes totally blurred when I get off the computer can't even see anyone's face. Got off the computer for 2 days and  could start to see again.

So I won't be posting much. I am in a battle right now and the only thing that matters now is action. I don't know if this old body, eyes, health of mine is going to perform or not. But now I am just going to be off this forum and fighting for it with 110% effort.

Thx.

I don't know any coins that operate without either Proof-of-work or Proof-of-Stake. To make your ideal a reality someone would have to invent a new way to power a block chain, unless I missed a coin that quietly implemented a new system without many people noticing.

There is a way to power a blockchain without proof of work or proof of stake, and we're doing it on the Carboncoin

5 posts in a row pumping your shitcoin in this thread.
hero member
Activity: 547
Merit: 502
@iamnotback I do not want to quote your large DPOS statement however I do have a few questions.  You understand code and crypto better then most of us.

The BitShares website states that the block witnesses are shuffled based on two different criteria.  "The slate of active witnesses is updated once every maintenance interval (1 day) when the votes are tallied. The witnesses are then shuffled, and each witness is given a turn to produce a block at a fixed schedule of one block every 2 seconds. After all witnesses have had a turn, they are shuffled again. If a witness does not produce a block in their time slot, then that time slot is skipped, and the next witness produces the next block."

Is there something in the code or explorer that would let us know exactly which witness is set to produce the next block ahead of time?  Even with a DDOS, a witness should have multiple instances ready to take over on different physical machines/locations.  That should mitigate that attack vector.  Granted if EVERY witness were unable to produce a block, the network would come to a halt and users would not be able to cast a vote (transaction) to vote in new witnesses.  The chances of that happening I would believe are very slim.  According to the documentation stake holders can increase the number of witnesses by vote.

You do have a home run point about PoW in that anyone at anytime can setup a full node etc...  Hurry up and code!!!
newbie
Activity: 48
Merit: 0
To be honest, I actually disagree with all of OP points. The only thing what is missing, is the free secured (unforked, tamperproof) trade between them that is not item of speculation or profit, manipulation, ownership etc itself. Unfortunately that seems impossible to me, but obviously I know very little about it also or in any case or whatever  Kiss

hero member
Activity: 777
Merit: 777
Altbone inc.Burial service for altcoins
You could take over some coin that is already trading on a good exchange that needs a developer and has a way of funding development as the price rises.I know of one that has been community ran from day one without 1 cent raised for development yet has traded on poloniex for over 2 years and continues to be developed by the community.They also have a fund that stakes coins that autonomously allows the coin to pay for its own development and it switches from pos to pow if nescessary.It is also ran over tor and has messaging in the wallet and are looking to develop a mobile version but they cant get anyone who is able to do the messaging etc on android.Any developer would have a free reign to experiment and the coin already has a good ticker and name.Just an idea of course.
sr. member
Activity: 407
Merit: 250
I don't know any coins that operate without either Proof-of-work or Proof-of-Stake. To make your ideal a reality someone would have to invent a new way to power a block chain, unless I missed a coin that quietly implemented a new system without many people noticing.

I have such technology under development.

so you wanna be funded?
you may wanna just join a team instead and with their existing coin if possible, you wouldn't need more funds but just an update to the coin. and you still have the legacy still.



Help wanted
sr. member
Activity: 407
Merit: 250
The best initial distribution of an alt is to take the snapshot of bitcoin blockchain at a particular point of time and enable holders of these bitcoins to receive this altcoins, in proportion to their bitcoin holdings.

That is Proof-of-Burn (PoB) or Proof-of-Sign.

Neither raise any funds for development of the ecosystem.

Proof-of-sign duplicates Bitcoin's corrupt distribution controlled by mining farms who mine at perhaps $50 cost (some of us even think they get free subsidized electricity in China paid for by the State) while we pay $600 cost.

For those who want to duplicate Bitcoin's distribution, they may prefer this. I should not judge for them what they want. I am just explaining why it wouldn't fit my ideal.

There is a real world analogue in the conventional financial system for raising funds while growing the ecosystem - can you guess which coin's been using it all along? Smiley
sr. member
Activity: 407
Merit: 250
Although you posted a disclaimer that your topic should not be about a single cryptocurrency, I'ld have to point out NEM is the one which fulfills all your criteria and it is currently in the top 5 of currencies on coinmarketcap. 

http://coinmarketcap.com/currencies/

Sounds like OP either wants to launch his own crypto, which most failure, or is theorizing when his dream coin is real and out there.


1. NEM was a wide distribution to 1000s of stakeholders and only around 65 BTC was collected.  When R0ach and Spoetnik call ICOs scams, they're almost always referring to stuff which collects millions of dollars and is distributed to a few.
2. NEM is Proof-Of-Importance
3. Proof-Of-Importance
4. NEM does not have a voting system.  At one time NEM considered it, but there were a lot of disasters then with other people's implementation and even now.  Bitshares' issue was it was very hard to kick out apathetic / inactive delegates.  DAO, before the hack, was only able to get around 20% participation.
5. Proof-Of-Importance.   Cheesy



These are threads I have seen a lot on Bitcointalk.  People saying we need a fair distribution or an alternative to PoW/PoS.  NEM already had you all beat since 2014 and now it's a top 5 currency.  NEM is still cheap so the time to buy is now.


Ok granted I'm plugging my currency too, but what is proof of importance in 2 sentences?
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